• Barclays chief refused to make promises to forgo any bonus• Bob Diamond defends Barclays lending to UK businesses• 'Banks should be allowed to fail,' says Diamond• He wants the 'remorse and apology' period to end

The pound fell today after the Bank of England cut its growth forecast and predicted higher inflation, while the number of people claiming unemployment benefit fell by less than expected. Richard Wray brings you the latest news, views and reaction